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Estimating the Value of Source Verification of Feeder Cattle

Author

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  • Lawrence, John D.
  • Yeboah, Godfred

Abstract

Source-verified (SV) feeder cattle auctions were held in Bloomfield, Iowa, each October, November, and December from 1997-2000. This study compares price data from these SV auctions to traditional auctions at the same loation to determine whether a premium exists for SV feeder cattle. Hedonic pricing models were estimated to evaluate the price effects of lot characteristics, market forces and type of market(SV verus regular sale). The SV cattle were sorted and pooled into large lots. The larger the lot size, consistent with early research, earned large price premiums. After accounting for lot size, the SV premium for lighter cattle(

Suggested Citation

  • Lawrence, John D. & Yeboah, Godfred, 2002. "Estimating the Value of Source Verification of Feeder Cattle," Staff General Research Papers Archive 10199, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genres:10199
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    Cited by:

    1. Brent Hueth & John D. Lawrence, 2002. "Quality Management and Information Transmission in Cattle Markets: A Case Study of the Chariton Valley Beef Alliance," Midwest Agribusiness Trade Research and Information Center (MATRIC) Publications (archive only) 02-bp40, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    2. Williams, Brian R. & DeVuyst, Eric A. & Peel, Derrell S. & Raper, Kellie Curry, 2014. "Reducing Self-Selection Bias in Feeder Cattle Premium Estimates Using Matched Sampling," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 39(1), pages 1-15, April.
    3. Hueth, Brent & Lawrence, John D., 2006. "Information Transmission in Cattle Markets: A Case Study of the Chariton Valley Beef Alliance," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 24(1), pages 1-15.
    4. Atkinson, Rebecca & Sanders, Dwight R. & Jones, Karen & Altman, Ira J., 2010. "An Evaluation of Purebred Bull Pricing: Implications for Beef Herd Management," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2010, pages 1-9, November.
    5. Pendell, Dustin L. & Tonsor, Glynn T. & Dhuyvetter, Kevin C. & Brester, Gary W. & Schroeder, Ted C., 2013. "Evolving beef export market access requirements for age and source verification," Food Policy, Elsevier, vol. 43(C), pages 332-340.

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